Tuesday, November 30, 2021

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Pure Hydrogen: Signs term sheet with AKM Earth

Pure Hydrogen Signs term sheet with AKM Earth

  • Pure Hydrogen’s (PH2) newly established subsidiary Pure X Mobility signs a term sheet with AKM Earth for the supply of hydrogen fuel cell trucks
  • The term sheet involves Pure X Mobility developing and supplying hydrogen and seven hydrogen fuel cell trucks for AKM Earth’s Raw Skips business
  • The trucks are cost effective and are capable of delivering “considerable” fuel savings over their expected seven-year supply term
  • According to the company, the hydrogen fuel cells are about twice as efficient as standard combustion engines
  • PH2 Managing Director Scott Brown says this supply deal is an excellent example of how the company can bring zero emission commercial vehicles to market
  • Company shares are up 1.9 per cent to trade at 53.5 cents
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